Capital Distribution and EGM (0057A)
January 25 2011 - 2:00AM
UK Regulatory
TIDMAPL
RNS Number : 0057A
ACP Capital Limited
25 January 2011
25 January 2011
ACP Capital Limited
Further Capital Distribution and EGM
ACP Capital Limited (the "Company": AIM: APL) today announces a
return of capital of 1.94 pence per share and that it is posting a
circular to shareholders including notice of an extraordinary
general meeting proposing a resolution to cancel admission of the
Company's ordinary shares to trading on AIM.
The return of capital will be payable on 18 February 2011 to
shareholders on the register on 4 February 2011. The ex-dividend
date will be 2 February 2011.
This distribution of GBP4,041,834 mainly comprises proceeds from
the completion accounts adjustments resulting from the disposal of
the Company's interest in Leasecom Group SAS (as announced on 13
December 2011).
Following this return of capital, shareholders should expect no
further distributions.
The EGM will be held on 23 February 2011 at 9 a.m. at 22-24
Seale Street St Helier, Jersey, JE2 3QG. Trading in the Company's
shares on AIM will be suspended at 7 a.m. on the same day.
A resolution is to be considered at the EGM for authority for
the cancellation of the admission of the Company's shares to
trading on AIM. The resolution will require the approval of
shareholders holdings 75 per cent. or more of the votes cast at the
meeting.
Subject to approval of the Company's shareholders at the EGM,
the admission of Company shares to trading on AIM is expected to be
cancelled with effect from 2 March 2011.
Following its delisting from AIM, the Company expects to
finalise its accounts and thereafter make arrangements to be
liquidated. The Company will not be making any arrangements to
facilitate trading following cancellation of admission to trading
on AIM. Any shareholder wishing to buy or sell Company shares
subsequent to their cancellation will need to do so in a private
arrangement and should send a signed share transfer (stamped, if
necessary) to the Company's registered office accompanied by the
share certificate and any other evidence required to prove title
and due execution. Approval of the transfer will be in the power of
the directors.
The circular summarises the key points which the Company's board
believes its shareholders should consider and contains a unanimous
recommendation to vote in favour of the Resolution.
A copy of the circular will be available on the Company's
website.
Enquiries:
Collins Stewart Europe
Bruce Garrow (Nominated Adviser) +44 (0) 207 523 8350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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